EOS / BTC fractal
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In addition to my bitcoin dominance chart bitcoin dominance fractal, here is my other fractal that I’ve been following since December 2020 first image that i found (December 2020)
Previously, there were many people who compared EOS/BTC and EOS/USD charts to ETH/BTC and ETH/USD charts. EOS/USD was quite similar to ETH/USD char if you check the top and bottom prices. $15 top then $7 bottom after that $22 top for ETH in June 2016. EOS/USD was almost same. EOS/USD and ETH/USD fractal/
However, in the bear season after 2017, EOS/BTC and EOS/USD has differentiated from ETH/BTC and ETH/USD charts and it returned where it started.
As a developer, I was able to examine the EOS platform superficially. It has great user experience and well documented. While there are many other coins in the market promising many things but doing nothing. I believe EOS is not one of them. Dan Larimer left announcement can be accepted news for the bottom as a trader psychology.
According to the XRP/BTC fractal, EOS/BTC moves are relatively slow if you compare the periods that I showed on the chart. Maybe it’s because of the market structure can be accepted normal. Because I’m comparing 2016 and 2020.
XRP/BTC took 2 months to reach to the top from bottom. EOS/BTC may take 2 or 3 months to reach its top. Furthermore, when I applied Fibonacci to the XRP/BTC from 2015 top to 2017 bottom, Its top was 2.618 fib extension. I don’t expect EOS/BTC can do same. It can be different because of the BTC/USD but I’m looking for the top fib 1 (0.00243068) fib 1.618 (0.00390817) or fib 2.618 (0.00629893) for EOS/BTC top.
I remember in 2017 after XRP/BTC top I sold my XRP and bought more ETH (around $100) without knowing anything (insert number goes up meme) and it went to $400 then market crashed for a while then bear market started for major Altcoins in terms of their BTC pairs. After that Only BTC/USD went up and some new coins were in bull market. So I’ll be looking for a same scenario if I see the chart is following my fractal and market is suitable for this idea.
One more thing I remember from 2017, people claimed XRP and LTC were stable coins in Poloniex trollbox. Because their dollar values were pretty same while other coins were doings ups and downs so you can compare those pairs previous values as well. You’ll see what I mean. I’ve seen similar tweets for EOS/USD.
Note: Of course, I’m not all in EOS. There are other coins already started such as Dot, Avax, Atom, Tezos. I’ll add more EOS if it closes above 111 daily moving average (which will be around 0.00013100 at the end of January or first week in February - probably BTC/USD has one more leg down).
It’s very important that you should check out EOS/ETH pair. I believe ETH/BTC has completed inverse head and shoulder and will go first then other alt coins includes EOS will follow more aggressively (after ETH/BTC reaches 0.055)
Check ETH/USD and BTC/USD fractal
Previously, there were many people who compared EOS/BTC and EOS/USD charts to ETH/BTC and ETH/USD charts. EOS/USD was quite similar to ETH/USD char if you check the top and bottom prices. $15 top then $7 bottom after that $22 top for ETH in June 2016. EOS/USD was almost same. EOS/USD and ETH/USD fractal/
However, in the bear season after 2017, EOS/BTC and EOS/USD has differentiated from ETH/BTC and ETH/USD charts and it returned where it started.
As a developer, I was able to examine the EOS platform superficially. It has great user experience and well documented. While there are many other coins in the market promising many things but doing nothing. I believe EOS is not one of them. Dan Larimer left announcement can be accepted news for the bottom as a trader psychology.
According to the XRP/BTC fractal, EOS/BTC moves are relatively slow if you compare the periods that I showed on the chart. Maybe it’s because of the market structure can be accepted normal. Because I’m comparing 2016 and 2020.
XRP/BTC took 2 months to reach to the top from bottom. EOS/BTC may take 2 or 3 months to reach its top. Furthermore, when I applied Fibonacci to the XRP/BTC from 2015 top to 2017 bottom, Its top was 2.618 fib extension. I don’t expect EOS/BTC can do same. It can be different because of the BTC/USD but I’m looking for the top fib 1 (0.00243068) fib 1.618 (0.00390817) or fib 2.618 (0.00629893) for EOS/BTC top.
I remember in 2017 after XRP/BTC top I sold my XRP and bought more ETH (around $100) without knowing anything (insert number goes up meme) and it went to $400 then market crashed for a while then bear market started for major Altcoins in terms of their BTC pairs. After that Only BTC/USD went up and some new coins were in bull market. So I’ll be looking for a same scenario if I see the chart is following my fractal and market is suitable for this idea.
One more thing I remember from 2017, people claimed XRP and LTC were stable coins in Poloniex trollbox. Because their dollar values were pretty same while other coins were doings ups and downs so you can compare those pairs previous values as well. You’ll see what I mean. I’ve seen similar tweets for EOS/USD.
Note: Of course, I’m not all in EOS. There are other coins already started such as Dot, Avax, Atom, Tezos. I’ll add more EOS if it closes above 111 daily moving average (which will be around 0.00013100 at the end of January or first week in February - probably BTC/USD has one more leg down).
It’s very important that you should check out EOS/ETH pair. I believe ETH/BTC has completed inverse head and shoulder and will go first then other alt coins includes EOS will follow more aggressively (after ETH/BTC reaches 0.055)
Check ETH/USD and BTC/USD fractal
Ghi chú
friendly reminder- eth/btc is over 0.055
- eos/btc is over 0.00013100
- dominance fractal is going well.
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